Figure Technology Solutions (NASDAQ:FIGR) Insider Sells $3,280,715.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 83,500 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $39.29, for a total transaction of $3,280,715.00. Following the sale, the insider owned 529,000 shares in the company, valued at approximately $20,784,410. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Figure Technology Solutions Stock Down 4.3%

FIGR stock traded down $1.59 during midday trading on Thursday, reaching $35.61. The company had a trading volume of 3,156,860 shares, compared to its average volume of 3,349,662. The stock’s 50 day moving average price is $40.30. Figure Technology Solutions, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price target for the company. Sanford C. Bernstein started coverage on shares of Figure Technology Solutions in a research note on Monday, October 6th. They issued an “outperform” rating and a $54.00 price target on the stock. The Goldman Sachs Group lifted their price target on Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Mizuho increased their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Piper Sandler lifted their target price on Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.38.

Institutional Trading of Figure Technology Solutions

Several institutional investors have recently modified their holdings of FIGR. Blue Trust Inc. bought a new position in Figure Technology Solutions during the third quarter valued at about $64,000. SBI Securities Co. Ltd. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter worth $66,000. PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth $73,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions during the third quarter valued at $102,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $200,000.

About Figure Technology Solutions

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.